Perth and a Private Real Estate Sale

Private real estate sale with no agent and no commission through Privatepoint, the real estate by owner, for sale by owner (FSBO) free private real estate sale website.

I recently had the pleasure of spending a week in WA and let me say things there are not looking too good for the Australian economy and the real estate sector. This is bad news for a private real estate sale or for sale by owner (FSBO) as it is going to result in lower demand for real estate across Australia.

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Real Estate by Owner - High Executive Rental Vacancies

Privatepoint is the for sale by owner ( FSBO ) and DIY real estate sales website for private real estate sale in Australia.

It appears that executive rental apartments (real estate greater than around $800 pw) are increasingly becoming vacant and are sitting on the market vacant for extended periods of time. This isn’t good for real estate investors who have often paid premium dollar for these exclusive apartments in sort after suburbs of major cities across Australia.

To highlight this problem, I was down at a local real estate office yesterday in Bondi and noticed that 70% of their rental apartments displayed in their shop window were leased. Out of the 30% left, around 3/4 of the apartments available were priced over $800 pw. So cheaper apartments are moving quickly but expensive apartments are not.

Why is this? Because most of the tenants of these exclusive apartments are executives and obviously the economy is affecting the companies they work for and the salaries they are receiving. Is this a sign of a recession looming?

DIY and Private Real Estate by Owner Renovations

Sell your property privately with no agent and no commission through the private real estate sale and for sale by owner website Privatepoint.

As a property owner have you ever thought of purchasing a run down property and then doing a DIY or private real estate renovation on the property? Plenty of people have done it and plenty of these people have made a good real estate capital gain (CGT free of course) from the sale of the property and even saved money through a DIY private property sale. All that is needed, is real estate market timing, an eye for a bargain and hard work.

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Doom and Gloom for Private House Sales

Private house sales and for sale by owner ( FSBO) real estate property sale can be performed with no agent or no commission through the private real estate sale website Privatepoint.

Many property owner and for sale by owner sellers view downturns in the real estate market as a huge crisis. If you are a property owner upgrading your property (so you are selling a property and then purchasing another property) you will actually benefit from a reduction in property prices in real estate across Australia.

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Private House Sales and Settlement Date

Private real estate sale with no agent and no commission through Privatepoint the real estate by owner private real estate sale website.

There is often confusion amongst for sale by owner and property buyers about what is involved during the Settlement of the property. Settlement Date is the date at which the remaining Purchase Price of the property is paid to the property owner and the title deeds and ownership documents of the property are given to the purchaser.

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